The Wasatch Front could have a new music festival venue in the near future if a local committee agrees to create it. In early July, members of the Point of the Mountain State Land Authority (POMSLA) voted unanimously to approve a conceptual campus application for a...
Draper
Labor costs have gotten better, but multifamily developers still face headwinds in Utah
To build or not to build — that is the question. As Salt Lake City’s multifamily market continues to see essentially flat rent growth and concessions to renters that will likely continue into the coming months, developers face the tough call of deciding whether now's...
Developers wanted: Draper’s The Point seeks proposals to build variety of for-sale housing units
As it prepares to go vertical later this year, Draper’s The Point is now turning its sights to a new aspect of the roughly 600-acre redevelopment. The Point announced earlier this week it was issuing a Request for Statement of Qualifications (RFSQ) for its River...
Urbanism, walkability touted as tenets of Draper’s The Point during groundbreaking
Ask any urbanist around the Wasatch Front, and they’ll say that car-centric design and infrastructure are the norm outside Salt Lake City. Portions of the Jordan River Trail and pockets around the county are known for providing more options for travel. Outside that,...
First projects at The Point to add apartments, retail, entertainment
Years of planning for a sweeping redevelopment effort in Draper could make way for vertical construction later this year. Horizontal construction at The Point — the state’s massive redevelopment effort of over 600 acres on the former Utah State Prison site — first...
UDOT’s choice for rail expansion at Point of the Mountain wilts under analysis [Opinion]
The Utah Department of Transportation (UDOT) has released the final study update on the Point of the Mountain transit project. It marks the end of a seven-year effort to determine better transit connectivity between the Draper and Lehi geographic chokepoint, known...
Investors accuse Colliers of fraud in Utah investment scheme
One of the largest commercial real estate firms in the state was recently named in a lawsuit accusing brokers of misleading elderly investors and violating securities laws. The lawsuit, filed in Utah’s federal court in early March, accuses Colliers and other...
Checking in on the office market: A passing storm or the new normal?
As the woes of the office market continue to populate CRE headlines nationwide, cut-rate building sales and 25% availability rates are raising fewer eyebrows these days. When we last reported on the Salt Lake City metro market’s performance a year ago, vacancy rates...
Utah House committee votes against bills looking to expand ADUs, allow homes on smaller lots
A Utah House committee punted on two bills that its sponsor believes would help address the state’s ongoing housing shortage, despite support from the governor's office. The bills, HB 88 and HB 90, were presented to the Utah House Political Subdivisions Committee in a...
The Point officially moves to construction stage with appointment of new Director
The state land authority overseeing development on the former state prison site in suburban Draper has named a new Executive Director, locking in its transition out of the planning stage and into construction. Mike Ambre, a 24-year veteran in the state’s Department of...
StubHub is closing its Silicon Slopes office and cutting most staff in Draper
Building Salt Lake is the leading source of commercial real estate news in Utah. Sign up to get our free emails in your inbox. Get access to the site’s paid features by becoming a Member today. StubHub has informed employees that it will close its office in the...
eBay looking to relocate within Utah after listing Draper office for sale
Sign up to get free Building Salt Lake emails in your inbox. Need more? Building Salt Lake Pro and Premium Members can search for any building permit in Salt Lake City. Stay in the know in the market by becoming a Member today. Tech giant eBay is searching for a new...






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